Mizuho Cuts Leveraged Finance Jobs

LONDON (Reuters) – Mizuho Corporate Bank, part of Mizuho Financial Group (8411.T), said on Thursday it has cut 27 jobs across its global leveraged business.

The job cuts were to remove duplication as Mizuho Corporate Bank adjusts to market conditions, it said in a statement.

The bank said will continue to work on the origination, syndication and portfolio management of private-equity backed transactions globally.

No cuts have taken place at the bank’ s existing Mizuho Investment Management (UK) Ltd. business, which includes the Harvest, Windmill, Friday Street and Vintage structured vehicles.

Mizuho Corporate Bank employs about 770 staff in London.

(Reporting by Zaida Espana; Editing by Andrew Macdonald)